Funding you earn now, next payment 00:00 UTC+0.0298%/8h= +32.7% APRpaid last 24h +0.029%
Price spread now: Bybit against Binance+0.013%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2172.167% of the position
Funding, last 7 days+0.288%+$29 on $10k
+Price spread, last 7 days+0.032%+$3 · spread now +0.013%, 7d avg +0.085%
=Funding pays, the price is against you. Bybit is 0.072% cheaper against Binance than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.085%). If the spread goes back, that is −$7 on $10k: about 19 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.288% in total) that is about 42 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COTIUSDT | 0.01493 | −0.0198 | get 0.0099% / 4h | 11m 03s | $7.4M | $35.8M | 50x |
| Short | Bybit COTIUSDT | 0.01493 | 0.0100 | get 0.0100% / 8h | 11m 03s | $3.7M | $7.8M | 50x |
Binance COTIUSDT
Bybit COTIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $62.63
- Price spread: +0.013% → +0.085%
- −$7.18
- Slippage, 4 orders
- −$195.67
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$161.21
- Costs to cover
- 2.167%
- Break-even
- 25.0 days
Slippage from Binance: live order book, 16 min ago; Bybit: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 16 min ago | 0.34 bp | 22.1 bp −$22 | 71.9 bp −$719 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.67 bp | 115.0 bp −$115 | 240.4 bp −$2,404 | doesn't fit | doesn't fit |
COTI on 10 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster COTIUSDT | −0.0367% | 4h | 0.01492 | −0.028% | $11K | $298K | 5x | as long as short |
| Binance COTIUSDTlong | −0.0198% | 4h | 0.01493 | long leg | $7.4M | $35.8M | 50x | |
| MEXC COTI_USDT | −0.0198% | 4h | 0.01494 | +0.047% | $12.7M | $1.9M | 50x | as long as short |
| BloFin COTI-USDT | +0.0042% | 4h | 0.01492 | −0.040% | $411K | $493K | 50x | as long as short |
| Bybit COTIUSDTshort | +0.0100% | 8h | 0.01493 | +0.013% | $3.7M | $7.8M | 50x | |
| Gate COTI_USDT | +0.0100% | 4h | 0.01495 | +0.147% | $429K | $891K | 25x | as long as short |
| KuCoin COTIUSDTM | +0.0100% | 4h | 0.01494 | +0.080% | $1.9M | $1.6M | 50x | as long as short |
| Bitget COTIUSDT | +0.0100% | 4h | 0.01496 | +0.214% | $3.3M | $2.6M | 50x | as long as short |
| Variational Omni COTI | +0.0100% | 8h | 0.01494 | +0.063% | $26K | $30K | — | as long as short |
| BingX COTI-USDT | +0.0200% | 4h | 0.01494 | +0.087% | — | $1.6M | — | as long as short |
Aster COTIUSDT
MEXC COTI_USDT
BloFin COTI-USDT
Gate COTI_USDT
KuCoin COTIUSDTM
Bitget COTIUSDT
Variational Omni COTI
BingX COTI-USDT